SEBI LODR Compliance explained: this guide covers what SEBI LODR Compliance means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
The SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR) govern the ongoing compliance and disclosure obligations of listed companies. Non-compliance attracts fines, trading suspension, and other actions by SEBI and stock exchanges.
Key Compliance Calendar
| Frequency | Filing/Action | Deadline |
|---|---|---|
| Continuous | Material events disclosure (Reg 30) | 24 hours of occurrence |
| Quarterly | Financial results (Reg 33) | 45 days from quarter end (60 days for annual) |
| Quarterly | Corporate governance report | 21 days from quarter end |
| Quarterly | Shareholding pattern (Reg 31) | 21 days from quarter end |
| Quarterly | RPT disclosures (Reg 23) | 15 days from quarter end |
| Half-yearly | Statement of investor complaints | 21 days from half-year end |
| Annual | Annual Report submission to exchange | 21 working days of AGM |
| Annual | Secretarial compliance report | 60 days from year end |
Regulation 30 — Material Events Disclosure
Listed companies must disclose material events to exchanges within 24 hours. Material events include: Board meeting outcomes, financial results, NCLT orders, major contracts, key management changes, significant litigation, demergers, buy-backs.
Regulation 33 — Financial Results
Quarterly financial results must be submitted within 45 days from quarter end (for standalone) and 60 days for consolidated. Must be reviewed/audited by board's audit committee. Results must be published on exchange website and company website.
Regulation 23 — RPT Disclosures
- All material RPTs require prior shareholder approval
- Material RPT: 10% of consolidated annual turnover of the company
- Half-yearly disclosure of all RPTs on exchanges
Corporate Governance Report
Quarterly corporate governance report covers: composition of board and committees, attendance, code of conduct compliance, KMP remuneration, related party disclosures.
Penalties for LODR Non-Compliance
- Fine: Rs. 1,000 per day of delay (for each violation)
- Suspension of trading (for serious non-compliance)
- Adjudication proceedings by SEBI (up to Rs. 25 crore per violation)
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